Market briefing

Philippines

The Philippines occupies 10th place in the Asian Digital Transformation Index, behind nine of its regional neighbours and ahead of only Indonesia. Distinct weaknesses exist across all pillars of the Index. In terms of digital infrastructure, where it is also placed 10th of 11 countries, the high cost and low network speeds of broadband services hold businesses back, and comparatively weak security infrastructure and indifferent government support of ICT development do not help. When it comes to human capital (where it is 9th in this pillar), the Philippines trains digital talent but often loses it to wealthier countries. In industry connectivity (9th), the virtues of data sharing and digital partnerships are understood but such practices are still nascent.

At 8th place, Thailand ranks in the bottom half of the Asian Digital Transformation Index, behind the region’s more technologically developed countries but ahead of India, the Philippines, and Indonesia.